Saab 2012 Annual Report Download - page 100

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NOTE 22 Shares in Joint Ventures Consolidated According to
the Proportional Method
e Group has a  per cent holding in the joint venture Gripen International
, whose principal activity is to oer, market and provide services for air-
cra, military materiel and related equipment. e Group’s remaining hold-
ings in joint ventures are of an insignicant amount.
e Group’s nancial reports include the following items that constitute
the Group’s ownership interest in the joint venture’s sales, income, assets and
liabilities.
Gripen International KB
MSEK 2012 2011
Sales 28 42
Net income 25 70
MSEK 31-12-2012 31-12-2011
Fixed assets 2 -
Current assets 689 821
Total assets 691 821
Current liabilities 232 387
Total liabilities 232 387
Net assets 459 434
NOTE 23 Parent Company’s Shares in Associated Companies
and Joint Ventures
Parent Company
MSEK 2012 2011
Accumulated acquisition value
Opening balance, 1 January 552 491
Acquisitions - 78
Divestments -3 -68
Reclassifications -9 -19
Share of net income for the year in joint ventures 25 70
Closing balance, 31 December 565 552
Carrying amount, 31 December 565 552
Specification of Parent Company’s (co-owner’s) directly owned holdings
of shares in associated companies and joint ventures
2012
MSEK
% of votes
and capital
Carrying
amount
Associated companies
Hawker Pacific Airservices Ltd, Hong Kong 32.3 22
Industrikompetens i Östergötland AB,
556060-5478, Linköping 33.0 2
AVIA SATCOM Co Ltd, Thailand 36.6 78
Joint ventures
Gripen International KB, 969679-8231, Linköping 50.0 459
Industrigruppen JAS AB, 556147-5921, Stockholm 80.0 4
Total 565
2011
MSEK
% of votes
and capital
Carrying
amount
Associated companies
Hawker Pacific Airservices Ltd, Hong Kong 32.3 22
Industrikompetens i Östergötland AB,
556060-5478, Linköping 33.0 2
Sörman Intressenter AB, 556741-2233, Stockholm 25.3 3
AVIA SATCOM Co Ltd, Thailand 36.6 78
Joint ventures
Gripen International KB, 969679-8231, Linköping 50.0 434
Industrigruppen JAS AB, 556147-5921, Stockholm 80.0 4
Avia Tech Systems Co. Ltd., Thailand 40.0 9
Total 552
NOTE 24 Receivables from Group Companies, Associated
Companies and Joint Ventures
Parent Company
Receivables from
Group companies
Receivables from
associated companies
and joint ventures
MSEK 2012 2011 2012 2011
Accumulated acquisition value
Opening balance, 1 January 911 557 17 32
Acquisitions - 642 - 1
Divestments -1 -262 -17 -16
Exchange rate differences -49 -26 - -
Closing balance, 31 December 861 911 - 17
NOTE 25 Financial Investments
Group
MSEK 31-12-2012 31-12-2011
Financial investments held as fixed assets
Financial assets measured at fair value through
profit or loss:
Shares and participations 49 54
Investments held to maturity:
Interest-bearing securities 144 143
Total 193 197
Short-term investments classified as current assets
Financial assets measured at fair value through
profit or loss:
Interest-bearing securities 3,963 4,555
Total 3,963 4,555
Investments in interest-bearing securities consist of mortgage and govern-
ment bonds, corporate and bank commercial paper as well as Floating Rate
Notes. e fair value of interest-bearing securities held to maturity amounts
to  ().
FINANCIAL INFORMATION > NOTES
96 SAAB ANNUAL REPORT 2012